Vedanta To Consider, Approve 3rd Interim Dividend, Record Date Decided: Key Points

Vedanta Ltd is a leading global natural resources conglomerate operating across India, South Africa, Liberia and Namibia. The company will soon consider and approve 3rd interim dividend and the board of directors have fixed the record date for the same. The current market price of the large cap company is Rs 1,14,192 crore. Check key takeaways below:

1. Vedanta Ltd To Approve 3rd Interim Dividend

The board of directors of billionaire Anil Agarwal-led Vedanta Group said in the BSE filing, "Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the Board of Directors of the Company (the "Board") on Tuesday, November 22, 2022, will consider and approve Third Interim Dividend on equity shares, if any, for the Financial Year 2022-23."

Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, November 30, 2022.

2. Vedanta Ltd Stock Outlook & Return

The last trading price of the stock is Rs 307 apiece with intraday decline of 1.55%. The stock's 52-week high is Rs 440 apiece and 52-week low is Rs 206 apiece, respectively. The stock has given multibagger returns to shareholders with 3-years return at 116% and 3-months return at 15%. The stock has declined 9% in last 1-year.

3. About Vedanta Ltd

The large cap company came into existence in 1965. It is a uniquely diversified company across the natural resources spectrum with interests in Oil & Gas, Zinc-Lead-Silver, Aluminium, Iron Ore, Steel, Copper, Ferro Alloys, Power, Glass Display, Optical Fibre and Semiconductors.

Over the years, Vedanta has positioned itself as a leading natural resources conglomerate, focusing on large scale expansion of its portfolio in India with operational excellence benchmarked to global standards.

Disclaimer

The stock provides details pertaining to interim dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.